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ALB vs. LIT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ALBLIT
YTD Return-10.57%-10.88%
1Y Return-40.37%-25.12%
3Y Return (Ann)-4.28%-7.33%
5Y Return (Ann)10.79%11.00%
10Y Return (Ann)8.59%6.84%
Sharpe Ratio-0.77-0.90
Daily Std Dev52.55%27.01%
Max Drawdown-66.31%-61.91%
Current Drawdown-59.88%-51.82%

Correlation

0.67
-1.001.00

The correlation between ALB and LIT is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

ALB vs. LIT - Performance Comparison

The year-to-date returns for both stocks are quite close, with ALB having a -10.57% return and LIT slightly lower at -10.88%. Over the past 10 years, ALB has outperformed LIT with an annualized return of 8.59%, while LIT has yielded a comparatively lower 6.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%100.00%200.00%300.00%400.00%OctoberNovemberDecember2024FebruaryMarch
252.70%
68.95%
ALB
LIT

Compare stocks, funds, or ETFs


Albemarle Corporation

Global X Lithium & Battery Tech ETF

Risk-Adjusted Performance

ALB vs. LIT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Albemarle Corporation (ALB) and Global X Lithium & Battery Tech ETF (LIT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ALB
Albemarle Corporation
-0.77
LIT
Global X Lithium & Battery Tech ETF
-0.90

ALB vs. LIT - Sharpe Ratio Comparison

The current ALB Sharpe Ratio is -0.77, which roughly equals the LIT Sharpe Ratio of -0.90. The chart below compares the 12-month rolling Sharpe Ratio of ALB and LIT.


Rolling 12-month Sharpe Ratio-1.80-1.60-1.40-1.20-1.00-0.80-0.60-0.40OctoberNovemberDecember2024FebruaryMarch
-0.77
-0.90
ALB
LIT

Dividends

ALB vs. LIT - Dividend Comparison

ALB's dividend yield for the trailing twelve months is around 1.24%, which matches LIT's 1.24% yield.


TTM20232022202120202019201820172016201520142013
ALB
Albemarle Corporation
1.24%1.11%0.73%0.67%1.04%2.01%1.74%1.00%1.42%2.07%1.83%1.51%
LIT
Global X Lithium & Battery Tech ETF
1.24%1.11%0.99%0.22%0.40%1.85%2.52%3.26%2.15%0.24%1.07%0.32%

Drawdowns

ALB vs. LIT - Drawdown Comparison

The maximum ALB drawdown since its inception was -66.31%, which is greater than LIT's maximum drawdown of -61.91%. The drawdown chart below compares losses from any high point along the way for ALB and LIT


-65.00%-60.00%-55.00%-50.00%-45.00%-40.00%OctoberNovemberDecember2024FebruaryMarch
-59.88%
-51.82%
ALB
LIT

Volatility

ALB vs. LIT - Volatility Comparison

Albemarle Corporation (ALB) has a higher volatility of 27.68% compared to Global X Lithium & Battery Tech ETF (LIT) at 10.63%. This indicates that ALB's price experiences larger fluctuations and is considered to be riskier than LIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%OctoberNovemberDecember2024FebruaryMarch
27.68%
10.63%
ALB
LIT